Pfizer Begins Layoffs and 1 Dow Mover Not to Miss

Pfizer (NYSE:PFE) initiates another series of layoffs, aiming at domestic sales representatives who promote Pfizer primary care medicines to physicians. The company has not revealed the number of salespeople it employs, how many will exit, nor when that will occur. Individual salespersons have not been told whether they’ll be furloughed.

Verizon Communications (NYSE:VZ), through comments from the UBS Global Media and Communications Conference, foresees a “good path going forward” for wireless and that Terremark has turned out “as good or better than we had hoped.”